London markets delivered a mixed session on Monday, despite uplift from Keirs speech

• London markets were mixed on Monday ask Keirs anouncements bolstered it but US markets were closed for a bank holiday.

• Canadian markets were closed for Family Day.

• FTSE 100:

  • Rose 27.34 points.

  • Up 0.3%.

  • Closed at 10,473.69.

• FTSE 250:

  • Fell 51.80 points.

  • Down 0.2%.

  • Closed at 23,375.47.

• AIM All-Share:

  • Fell 0.44 points.

  • Down 0.1%.

  • Closed at 811.41.

• CAC 40 rose 0.2%.

• DAX 40 fell 0.5%.

• NatWest:

  • Top FTSE 100 performer.

  • Up 4.8%.

  • Launched £750m share buyback.

  • Programme to complete by January 15 next year.

  • Had fallen 4.1% on Friday after annual results.

  • Shares rose 27.60p to 607.80p.

• Melrose Industries:

  • Up 25.00p.

  • Closed at 667.00p.

  • Gained 3.9%.

• Babcock International:

  • Up 47.00p.

  • Closed at 1,346.00p.

  • Gained 3.5%.

• BAE Systems:

  • Up 61.00p.

  • Closed at 2,029.00p.

  • Gained 3%.

• Keir Starmer:

  • Urged faster defence spending.

  • Referenced Russian threat.

  • Mentioned approaching fourth anniversary of Ukraine conflict.

  • Pledged defence spending to 2.5% of GDP next year.

  • Target of 3% after next general election.

  • Government may bring 3% target forward to 2029.

• Pinewood Technologies:

  • Worst FTSE 250 performer.

  • Shares fell 33%.

• Apax Partners:

  • Withdrew from takeover pursuit.

  • Had discussed possible 500p per share cash offer.

  • Cited challenging market conditions.

• Dan Coatsworth:

  • Said investors concerned about bidder withdrawal.

  • Mentioned AI disruption-related fears.

• Pinewood stated it remains confident in long-term prospects.